SOL Capital Management CO Cuts Stock Position in Invesco QQQ $QQQ

SOL Capital Management CO trimmed its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 4.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,059 shares of the exchange traded fund’s stock after selling 1,580 shares during the quarter. Invesco QQQ accounts for 2.0% of SOL Capital Management CO’s holdings, making the stock its 9th biggest position. SOL Capital Management CO’s holdings in Invesco QQQ were worth $22,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQ. Kingstone Capital Partners Texas LLC increased its stake in shares of Invesco QQQ by 704,593.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after purchasing an additional 67,605,770 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Invesco QQQ by 100.0% in the second quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after acquiring an additional 40,999,982 shares during the last quarter. Symphony Financial Ltd. Co. acquired a new stake in shares of Invesco QQQ in the 2nd quarter valued at approximately $1,236,482,000. HRT Financial LP grew its holdings in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Invesco QQQ by 42.4% during the second quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after buying an additional 1,457,109 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1%

NASDAQ:QQQ opened at $621.26 on Friday. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $637.01. The firm’s fifty day moving average is $616.40 and its 200-day moving average is $595.42.

Invesco QQQ Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were given a dividend of $0.7941 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.69.

Key Headlines Impacting Invesco QQQ

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Invesco QQQ Company Profile

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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